Could be some short/medium term pain. Will be interesting to see what the TSX makes of this overnight.
In two years time Haile and the new Dipidio should be fired up to their near their max, but for now Dipidio (while still being very low AISC) will produce 80k ounces less in 2019 compared with 2018 and at a higher cost.
I suspect much of this is already factored in which is why the share price is so low and has not been moving with the higher gold price.
The 2018 production and AISC targets are still pretty good relative to the market capitalisation of the company.
loki
OGC Price at posting:
$3.42 Sentiment: None Disclosure: Held